August 29, 2017: The S&P 500 closed up 0.08% at 2,446.29. The DJIA closed up 0.26% at 21,865.89 and the Nasdaq closed up 0.30% at 6,301.89.
Following a lower opening on concerns related to the North Korean missile launch and the continuing impact of tropical storm Harvey on the nation’s core energy center around Houston, equities recovered somewhat on an improved reading on consumer confidence. The S&P 500 posted only a slim gain by the end of the session. Crude oil dipped slightly again and gold posted a second consecutive 11-month high. Out of the S&P 500 sectors, four traded higher and seven traded lower.
Crude oil was last seen down about 0.4% at $46.36.
Gold settled up 0.3% at $1,318.90.
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Best Buy Co. Inc. (NYSE: BBY) which traded down about 11.9% at $55.01. The stock’s 52-week range is $36.51 to $63.32. Volume was 34.8 million versus the daily average of 3.77 million shares.
The stock posting the largest daily percentage gain in the S&P 500 ahead of the close Tuesday was United Rentals Inc. (NYSE: URI) which rose about 3.8% to $114.95. The stock’s 52-week range is $70.58 to $134.28. Volume was 2.8 million compared to its average volume of 1.5 million.